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LINKTV
Jan 1, 2013 5:30am PST
avoid the so-called fiscal cliff. spending cuts and tax hikes has of been delayed until march. but it still has to be approved by the house of representatives. >> this is the man who seems to have made all the difference. vice president joe biden came in the 11th hour to broker an agreement. but the deal comes at the december 31 deadline. for now, the u.s. is over the fiscal cliff. it has passed its first test in the senate with overwhelming support. >> of the house stands adjourned until noon tomorrow. >> but the key test to the agreement is whether it can pass here, the republican-controlled house of representatives. early on monday, president obama surrounded himself with middle- class families to make the point that it would be average americans who would be hardest hit by a failure to compromise. >> the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. that would add additional hundreds of billions of dollars to deficit reduction. so that is progress. but we will nee
LINKTV
Dec 27, 2012 5:30am PST
to washington for the fiscal cliff talks. without a deal, budget cuts and tax rises will automatically start on january 1. a senior congressional reporter with the american news service "politico," says while he is doubtful they will strike a deal before next year, obama and democrats have the upper hand. >> they know that the polls are on their side, that a majority of americans would blame the republicans for the failure, and they know that -- they say president obama was just reelected on a mandate to raise taxes on the stockton% of income earners and the republican party is dead set against tax increases. -- on the top 2% of incoming earners. he wants to raise taxes on folks making more than a million dollars, but that was not enough for democrats and that was too much for lot of republicans. the republicans in the house are the ones who endangered the speaker's efforts to cut a compromise deal. the democrats know that they are the ones that have the upper hand in the fight and if we go into the new year, a new congress will be sworn in. democrats will have more seats in the house and the senate and they feel they will have a better chance of getting a deal on th
LINKTV
Dec 31, 2012 7:00pm PST
aljazeera. the u.s. is set to go over the fiscal cliff, at least for a day. congress will not vote before at midnight. they are expected to resume talks on new year's day. the government in pakistan has released eight afghan taliban prisoners, part of the peace process. one of them was the justice minister under the taliban in afghanistan. venezuela has canceled new year's celebrations in the capital because of the president's poor health, and the vice president said hugo chavez is in a delicate state after suffering complications following his latest cancer surgery. at least 23 people and killed in a series of explosions across iraq, and the dead include several members of one family. they continue to demand release of prisoners held by the government. we have more. >> the scenes like this that gripped iraq for almost one decade. iraq is faced with yet another political challenge. mass protests in different provinces have been ongoing for days. they accuse the government of targeting sunnis and their leaders, but the prime minister denies it, saying foreign countries are behind the instability. >> what relation to they have in this? this is an ind
Search Results 0 to 2 of about 3